Okta, Inc. Files Q1 Fiscal 2025 10-Q Report

TL;DR

Okta's Q1 FY25 10-Q is in. Check financials.

AI Summary

Okta, Inc. filed its 10-Q report for the period ending April 30, 2024. The filing covers the first quarter of their fiscal year 2025. Key financial data and operational details for this period are presented, with the company's fiscal year ending on January 31st.

Why It Matters

This filing provides investors with an update on Okta's financial performance and operational status for the first quarter of fiscal year 2025, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant risks or opportunities.

Key Numbers

• 20240430 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
• 2025 — Fiscal Year (Specifies the fiscal year to which this 10-Q filing pertains.)

Key Players & Entities

• Okta, Inc. (company) — Filer of the 10-Q report
• April 30, 2024 (date) — End of the reporting period
• January 31, 2025 (date) — End of fiscal year 2025
• 0001660134-24-000088 (filing_id) — Accession number for the 10-Q filing

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share OKTA The Nasdaq Stock Marke

Filing Documents

• okta-20240430.htm (10-Q) — 1163KB
• okta-4302024_ex311.htm (EX-31.1) — 9KB
• okta-4302024_ex312.htm (EX-31.2) — 9KB
• okta-4302024_ex321.htm (EX-32.1) — 7KB
• okta-4302024_ex101.htm (EX-10.1) — 36KB
• 0001660134-24-000088.txt ( ) — 5433KB
• okta-20240430.xsd (EX-101.SCH) — 30KB
• okta-20240430_cal.xml (EX-101.CAL) — 67KB
• okta-20240430_def.xml (EX-101.DEF) — 225KB
• okta-20240430_lab.xml (EX-101.LAB) — 490KB
• okta-20240430_pre.xml (EX-101.PRE) — 349KB
• okta-20240430_htm.xml (XML) — 532KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 4 Condensed Consolidated Balance Sheets as of April 30, 2024 and January 31, 2024 4 Condensed Consolidated Statements of Operations for the Three Months Ended April 30, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended April 30, 2024 and 2023 6 Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended April 30, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the Three Months Ended April 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 32

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 5. Other Information 66 Item 6. Exhibits 66

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," "shall" and similar expressions are intended to identify these forward-looking statements. These statements include, but are not limited to, statements about: our future financial performance, including our revenue, costs of revenue, gross profits, margins and operating expenses; the impact of general economic, market and industry conditions, including geopolitical events, economic downturns or recessions, market volatility, inflation and interest rates, and foreign currency fluctuations; trends in our key business metrics; our growth strategy and ability to compete; the sufficiency of our cash and cash equivalents, investments and cash provided by sales of our products and services to meet our liquidity needs; market or other opportunities arising from business combinations; potential impacts of cybersecurity incidents to our reputation, customer relations and financial results; our ability to detect, minimize or prevent security breaches to our internal systems and platform; our ability to maintain the security and service performance of our and our third-party service providers' systems or data, or our customers' data; our ability to increase our number of new customers; our ability to sell additional products to and retain our existing customers; our ability to successfully expand in our existing markets and into new markets; our ability to effectively sustain or manage our revenue growth and profitability; our ability to expand our product sales by promoting our brand and engaging channel partners; our ability to partner with third-party software vendors and system integrators; the a

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View this 10-Q filing on SEC EDGAR